# Launch Escher Liquid Staking Smart Contract on Babylon Genesis **URL:** \ **Category:** Smart Contract Deployment Proposals\ **Created:** [April 2, 2025, 9:44am UTC](https://forum.babylon.foundation/t/launch-escher-liquid-staking-smart-contract-on-babylon-genesis/55 "2025-04-02T09:44:27Z")\ **Posts on this page:** 8\ **Page:** 1
**Author:** ![Ohad](https://avatars.discourse-cdn.com/v4/letter/o/f04885/32.png) [@Ohad](https://forum.babylon.foundation/u/Ohad)\ **Post date:** [April 2, 2025, 9:44am UTC](https://forum.babylon.foundation/t/launch-escher-liquid-staking-smart-contract-on-babylon-genesis/55/1 "2025-04-02T09:44:27Z")
# Whitelisting Escher finance Account to Deploy Smart contracts ## Summary Escher seeks community approval to deploy and whitelist the Escher Liquid Staking Smart Contract on Babylon Genesis. This deployment will introduce the eBaby liquid staking token (LST) for BABY tokens, significantly enhancing DeFi capabilities and providing additional security to Babylon via increased staking participation. ## Proposal Details ### Type - **Proposal Type:** Parameter Change - **Chain:** Babylon Genesis Mainnet - **Messages:** `/MsgAddCodeUploadParamsAddresses` ### Overview Escher is actively integrating with established DeFi ecosystems such as EVM chains and Solana—where LSTs already play a central role in liquidity and yield strategies—to offer these communities seamless access to Babylon and channel capital into its ecosystem. ## Technical Details ```json { "messages": [ { "@type": "/cosmwasm.wasm.v1.MsgAddCodeUploadParamsAddresses", "authority": "bbn10d07y265gmmuvt4z0w9aw880jnsr700jduz5f2", "addresses": [ "bbn1knjjrfydw9wk04xhnj94du34hl86h9mpgdsul5" ] } ], "metadata": "ipfs://CID", "deposit": "200000bbn", "title": "Escher Liquid Staking Smart Contract Deployment on Babylon", "summary": "Escher is deploying whitelisted addresses on Babylon to launch its liquid staking infrastructure. This includes the deployment of the Escher liquid staking smart contract, an MPC wallet, and a multisig address to ensure secure and controlled operations. https://forum.babylon.foundation/t/governance-proposal-launch-escher-liquid-staking-smart-contract-on-babylon-genesis/55", "expedited": true } ``` ### Proposal Details We propose to: 1. Whitelist Escher’s Deployment Address: - Allow Escher Finance to deploy its audited smart contracts directly onto the Babylon mainnet. 1. Deployment of Liquid Staking Contract: - Smart contracts will mint eBaby tokens representing staked BABY tokens, enabling full liquidity and integration with existing DeFi protocols, starting with Tower DEX and Satlayer. 1. Audits and Security Measures: - Comprehensive audit reports by reputable blockchain security firm OAK Security are provided (attached), ensuring transparency, reliability, and security for users and stakeholders. 1. Integration and Utility: - Initial DeFi integration includes liquidity pools and incentivized trading on Tower DEX, with further integrations planned 1. Community Benefits: - Enhanced liquidity options for BABY holders. - Increased staking security and incentive programs. - Broader ecosystem participation via integration with the Union ecosystem, providing eligibility for additional rewards and potential airdrops. - Escher is building in the liquid staking (LST) space to help chains **unlock the full potential of their native tokens**. By enabling liquid staking, Escher adds a new layer of value to otherwise locked assets—turning them into productive capital across ecosystems. Escher is actively integrating with **working DeFi ecosystems like EVM chains and Solana** , where LSTs are already a core component of liquidity and yield strategies. For the Babylon community, **eBABY holders** will be directly connected to this broader DeFi landscape. The rewards generated through these integrations will **flow back to the Escher liquidity smart contract** — **without minting additional eBABY**. This model can offer **higher rewards than traditional LSTs** , while preserving token integrity and supporting the long-term sustainability of both the Escher and Babylon ecosystems. ## Security Considerations **Audit** Escher has been audited by **OAK Security** , one of the leading security firms in the CosmWasm ecosystem. The [full audit report](https://github.com/oak-security/audit-reports/blob/main/Escher/2025-04-09%20Audit%20Report%20-%20Escher%20v1.0.pdf) , an extra audit will go up soon. **Wallet and Contract Ownership** Escher is launching with an **Multisig** , which serves as the owner of the liquidity smart contract. Any changes to the contract require **multi-signer approval** , ensuring governance-level security for all upgrades and sensitive actions. **Testing and Monitoring** Prior to launch, Escher underwent **live testing on public testnets** and continues to be **actively monitored post-launch** to ensure stability, safety, and real-time issue detection. **Risks and Mitigation** As with any smart contract-based system, there is always a risk of exploits involving **minting or burning mechanisms**. However, all critical processes in Escher are performed **on-chain** , meaning any vulnerabilities would need to be on-chain as well—off-chain exploits have no impact (only on the ux side). Escher minimizes risk through transparent, auditable, and decentralized infrastructure. ## Timeline & Expected Effects - **Implementation Timeline:** Immediately after Babylon Mainnet Launch - **Dependencies:** Whitelisting of the address ## Team & Resources - **Proposing Entity:** Escher finance - **Point of Contact:** Ohad Bachner - **Relevant Experience:** Escher Finance is a liquid staking protocol designed to abstract staking across multiple blockchain ecosystems. * * * **Submitted by:** Escher finance **Date:** 2025-04-02 **Contact:** Ohad (tg: Ohadbachner, email: ohad@escher.finance ---
**Author:** ![KenCaliber](https://avatars.discourse-cdn.com/v4/letter/k/b3f665/32.png) [@KenCaliber](https://forum.babylon.foundation/u/KenCaliber)\ **Post date:** [April 4, 2025, 3:30am UTC](https://forum.babylon.foundation/t/launch-escher-liquid-staking-smart-contract-on-babylon-genesis/55/2 "2025-04-04T03:30:54Z")
Caliber supports the launch of Esche Finance to launch liquid staking on Babylon Genesis. This together with Persistence Dex will make a fundamental combination of DeFi native apps that are essential for babylon chain genesis at launch. ---
**Author:** ![red](https://yyz2.discourse-cdn.com/flex008/user_avatar/forum.babylon.foundation/red/32/21_2.png) [@red](https://forum.babylon.foundation/u/red)\ **Post date:** [April 4, 2025, 4:57am UTC](https://forum.babylon.foundation/t/launch-escher-liquid-staking-smart-contract-on-babylon-genesis/55/3 "2025-04-04T04:57:47Z")
LSTs always aid DeFi growth. Seems like a clear fit from that pov Curious about `The rewards generated through these integrations will flow back to the Escher liquidity smart contract` Are you referring to rewards from Babylon DEX integrations (e.g., SatLayer, Tower), or `DeFi ecosystems like EVM chains and Solana` ? ---
**Author:** ![Ohad](https://avatars.discourse-cdn.com/v4/letter/o/f04885/32.png) [@Ohad](https://forum.babylon.foundation/u/Ohad)\ **Post date:** [April 4, 2025, 10:07am UTC](https://forum.babylon.foundation/t/launch-escher-liquid-staking-smart-contract-on-babylon-genesis/55/4 "2025-04-04T10:07:43Z")
In the start it will be on Babylon dexes, We will use our LP position to deposit back to the Escher staking pool with out minting new eBABY ---
**Author:** ![Robbb](https://avatars.discourse-cdn.com/v4/letter/r/ecd19e/32.png) [@Robbb](https://forum.babylon.foundation/u/Robbb)\ **Post date:** [April 7, 2025, 5:06pm UTC](https://forum.babylon.foundation/t/launch-escher-liquid-staking-smart-contract-on-babylon-genesis/55/5 "2025-04-07T17:06:08Z")
Blockhunters supports Escher Finance in launching liquid staking on Babylon, enhancing liquidity and staking efficiency. Is a great initiative that will attract new participants and improve overall decentralization. Excited to join and explore Escher liquid staking opportunities! ---
**Author:** ![Ohad](https://avatars.discourse-cdn.com/v4/letter/o/f04885/32.png) [@Ohad](https://forum.babylon.foundation/u/Ohad)\ **Post date:** [April 9, 2025, 12:48pm UTC](https://forum.babylon.foundation/t/launch-escher-liquid-staking-smart-contract-on-babylon-genesis/55/6 "2025-04-09T12:48:03Z")
Audit [report](https://github.com/oak-security/audit-reports/blob/main/Escher/2025-04-09%20Audit%20Report%20-%20Escher%20v1.0.pdf) ---
**Author:** ![kaiserkarel](https://yyz2.discourse-cdn.com/flex008/user_avatar/forum.babylon.foundation/kaiserkarel/32/34_2.png) [@kaiserkarel](https://forum.babylon.foundation/u/kaiserkarel)\ **Post date:** [April 10, 2025, 3:32pm UTC](https://forum.babylon.foundation/t/launch-escher-liquid-staking-smart-contract-on-babylon-genesis/55/7 "2025-04-10T15:32:13Z")
Union formally supports Escher deploying on Babylon. It will provide much needed staking infrastructure and in our opinion, form the backbone of liquid staking around Baby and Union. ---
**Author:** ![Barsueth](https://yyz2.discourse-cdn.com/flex008/user_avatar/forum.babylon.foundation/barsueth/32/109_2.png) [@Barsueth](https://forum.babylon.foundation/u/Barsueth)\ **Post date:** [August 1, 2025, 12:49am UTC](https://forum.babylon.foundation/t/launch-escher-liquid-staking-smart-contract-on-babylon-genesis/55/8 "2025-08-01T00:49:38Z")
I love the good work